Notice of Extraordinary General Meeting - Akobo Minerals elects Helge Rushfeldt as new board member while Erik Haugane steps down

As part of the company’s focus on more mining related activities, we are very pleased to have Helge Rushfeldt on as a new board member.

Helge Rushfeldt has extensive experience from working with early phase mining companies and will bring with him knowledge highly relevant to our development.

Helge Rushfeldt is the owner and general manager of Promin AS, a Norwegian based consultancy in the mining and minerals industry. Helge has worked for many of Norway’s major mines and mineral processing facilities, including Titania AS (R&D department), Norwegian Talc AS (Production Manager), Hustadmarmor AS (Development of new production line and Process Manager). While heading Promin, Helge has worked with several exploration projects and many projects going from exploration, via financing towards production, including copper-start up Nussir ASA in Northern Norway and Greenland Ruby on the west coast of Greenland. Helge has worked extensively with rights and permits, tailings, drilling campaigns, ESG (Environmental, Social and Governance), stakeholder engagement, feasibility studies, resource models and mineral processing. Helge is also a co-author of a newly published book on safety, health and environment in the mining industry. Helge holds a Master of Science in Mineral Processing from Norwegian University of Science and Technology (NTNU).

Erik Haugane steps down to spend more time on developing own projects.  

Extraordinary General Meeting
The shareholders of Akobo Minerals AB (publ), company registration no 559148-1253 (the “Company”), are hereby invited to participate in the Extraordinary General Meeting (“EGM”) to be held on December 7, 2021 at 10.00 am at the Company’s office at Södra Allégatan 13, 413 01 Göteborg.

Participation
Shareholders that wish to participate in the procedures at the EGM must:
- by no later than November 29, 2021 be recorded as shareholders in the share register kept by Euroclear Sweden AB, and
- by no later than December 1, 2021 give notice to the Company of their intention to participate in the EGM. Notice shall be given in writing by e-mail at info@akobominerals.com or by mail addressed to Akobo Minerals AB (publ), Södra Allégatan 13, 413 01 Göteborg, Sweden.
In providing such notice the shareholder should state its name, address, personal registration number or company registration number, telephone number, shareholdings and if applicable, the number of accompanying assistants (a maximum of two). The notice must also, where applicable, for example regarding legal entities, be accompanied by complete authorization documents such as a registration certificate or equivalent.

Representatives etc.
Shareholders who are represented by proxy must submit to the Company a written, signed and dated power of attorney for the representative. The period of validity of the power of attorney may not exceed five years provided it has been specifically stated. If no period of validity is stated, the power of attorney is valid for a maximum of one year. If the power of attorney is issued by a legal entity, a certified copy of the registration certificate or equivalent must be submitted to the Company by mail together with the original copy of the power of attorney in good time before the EGM at the address mentioned above. The registration certificate may not be issued earlier than one year before the date of the EGM. Power of attorney forms are available at the Company’s website www.akobominerals.com

Nominee-registered shares
Shareholders who have their shares nominee-registered must, in order to have the right to participate at the EGM, request to be recorded as shareholders, in their own name, in the share register kept by Euroclear Sweden AB on the record date November 29, 2021. Shareholders who wish to register their shares in their own name must, in accordance with the respective nominee's routines, request that the nominee make such registration. Registration of voting rights that has been requested by shareholders at such a time that the registration has been made by the nominee no later than December 1, 2021 will be taken into account in the production of the share register.

Especially for shareholders registered with the Norwegian Central Securities Depository (VPS)
Shareholders registered with the Norwegian Central Securities Depository (VPS) who are not registered with Euroclear Sweden AB, Sweden, and wish to be entitled to vote at the EGM must notify DNB Bank ASA by no later than November 25, 2021 at 12.00 noon local time. The notice shall be sent to DNB Bank ASA, Verdipapirservice, PB 1600 Sentrum, N-0021 Oslo, Norway or by e-mail at vote@dnb.no. The notification must state the name, personal registration number or company registration number and number of shares. DNB Bank ASA will temporarily register the shares with Euroclear Sweden AB in the name of the shareholder. In addition, shareholders registered with VPS must give notice to the Company of their intention to participate according to the above in order to obtain voting rights at the EGM. Shareholders registered with VPS who have only given notice to the Company of their intention to participate may participate at the EGM without voting rights.
 

Proposed agenda
1. Election of chairman of the meeting
2. Drawing up and approval of the voting list
3. Election of one or two persons to verify the minutes
4. Determination as to whether the meeting has been duly convened
5. Approval of the agenda
6. Election of board of directors
7. Closing of the meeting

Item 6
Pir Invest Holding AS and Jorn Christiansen, who represent approximately 16.7 percent of the shares and votes in the Company, propose that the AGM resolves to, up until the time of the next Annual General Meeting, elect Helge Rushfeldt as a new Board member of the Company. It is noted that Hans Olav Torsen and Jorn Christiansen remain as board members of the Company and that Erik Haugane resigns as a board member in connection with the meeting.

Number of shares and votes in the Company
At the time of the issuance of this notice, the total number of registered shares and votes in the Company amounts to 42,512,606. The Company does not hold any own shares.

Miscellaneous
The complete proposals under item 6 will be available at the Company’s office and website www.akobominerals.com at the latest two (2) weeks prior the general meeting. Copies of the documents will be sent, free of charge, on request to such shareholders who provide their address from the date they come available. Shareholders of the Company are, where the board of directors believes that it that it may take place without significant harm to the Company, at the general meeting entitled to receive information in respect of any circumstances which may affect the assessment of a matter on the agenda (i.e. the right to request information pursuant to Chapter 7, Sections 32 and 57 of the Swedish Companies Act).

For more information contact 

Jørgen Evjen, CEO 
Mob.: (+47) 92 80 40 14 
Mail: jorgen@akobominerals.com 

About Akobo Minerals:  

Akobo Minerals, is a Norway-based gold exploration company, currently with ongoing exploration and small-scale mine development in the Gambela region and Dima Woreda, southwest Ethiopia. The operations were established in 2009 by people with long experience from the public mining sector in Ethiopia and from the Norwegian oil service industry. Akobo Minerals holds a mining licence and an exploration license over key targets in the area. Economic mineralisation was discovered and the company is engaged in mining studies to advance the project to production, alongside exploration core drilling. Akobo Minerals is transforming its organisation to support an increased pace of core drilling. At both the key targets Segele and Joru the company has so far released exceptionally high-grade gold results including the Segele deposit with an Inferred Mineral Resource of 78ktons at 20.9g/t. A scoping study for Segele includes an up-front capital expenditure of USD $8m and all-in sustaining cost of USD $243 per ounce of gold produced. Core-drilling and trenching at Joru have intersected both high-grade gold zones and large wide zones near surface. The company has an excellent partnership with national authorities and places ESG at the heart of its activities - a ground-breaking community program is being planned.

Important information: 

This release is not for publication or distribution, directly or indirectly, in or into Australia, Canada, Japan, the United States or any other jurisdictions where it would be illegal. It is issued for information purposes only and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. Akobo Minerals does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this publication are not being, and may not be, distributed or sent into Australia, Canada, Japan or the United States.